AstraZeneca to build $1.5 bln cancer drug facility in Singapore

British pharmaceutical giant AstraZeneca said Monday that it planned to build a $1.5 billion plant in Singapore to manufacture next-generation drugs to treat cancer.

The facility, to be ready by 2029, will produce antibody-drug conjugates (ADCs), a promising type of treatment that attacks cancer cells without damaging the surrounding healthy ones, the company said in a statement.